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The three E’s of central-bank communication with the public
Haldane, Andrew; Macaulay, Alistair; McMahon, Michael (Banco Central de Chile, 2021-10)Central banks used to ask, “Shall we communicate this?” Now, as a rule, they ask, “Why wouldn’t we communicate this?” This first wave of the revolution in central-bank communication is giving rise to a second wave. The ...